China's top diplomat on Ukraine war, US-Vietnam deal in spotlight: SCMP daily highlights
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Chinese Foreign Minister Wang Yi told the European Union's top diplomat on Wednesday that Beijing did not want to see a Russian loss in Ukraine because it feared the United States would then shift its whole focus to Beijing, according to several people familiar with the exchange.
The passage of a sprawling budget bill has raised concerns over the long-term debt of the United States, which analysts said could compound already heightened worries over the reliability of the country's currency as a safe-haven asset.
Tasting glasses of aged French cognac brandy are poured in France. Photo: Shutterstock
China has decided to levy anti-dumping tariffs on European brandy, mostly produced in France, for the next five years – an announcement made while Foreign Minister Wang Yi is on his European tour seeking to resolve trade disputes and improve ties amid a reshuffle of global trade dynamics introduced by the United States.
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